Fed Staff Assess Economic Conditions Amid Government Shutdown Impact

The Federal Reserve staff assessed the economic conditions during a recent meeting, noting that the available information indicated a rebound in real GDP growth for the first quarter as the effects of the federal government shutdown gradually dissipated. According to Jin10, trade data up to March showed that net exports were a major drag on U.S. GDP growth in the first quarter. While goods exports strongly rebounded from a decline in the fourth quarter of 2025, the increase in goods imports was more pronounced, driven by a rise in high-tech goods imports.